73
73
Nov 19, 2012
11/12
by
CNBC
tv
eye 73
favorite 0
quote 0
obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the major top ten economies. colossal debt, colossal leverage and they are trying to lever that up at this point. but the mark let fight them. i think it is about trading in -- inflection points. yen has been very, very weak. and as you said, and that's a sign that japan is moving that way. spain -- disturbing in europe in terms of their fiscal cliff, spanish ten years have been massively underperforming italian ten years. that's -- that's really a warning sign for another spain problem in the next couple of weeks. >> in your note today you say short the home builders and sell int
obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the...
325
325
Nov 21, 2012
11/12
by
CNBC
tv
eye 325
favorite 0
quote 0
u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>> and finally my observation on the warning bernanke issued to america yesterday. our economy might want to give thanks to the fed when congress shirked its responsibilities. i was happy to be at the new york economic club lunch where bernanke spoke. he reaffirmed that the recovery continued to grow at a slow pace and that the unemployment story remains high and says housing has been improving. we saw zillow saying october saw the largest monthly gain for home prices in more than seven years but the real fireworks happened when a question came up about the fiscal cliff. >> in the worst case scenario where the economy goes off the broad fiscal cliff i don't think the fed has the tools to offset that. >> and those words sent the markets lower yesterday and probably helped to contribute to tempt today. my take is the chairman is worried. for years h
u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>> and finally my observation on the warning bernanke issued to america yesterday. our economy might want to give thanks to the fed when congress shirked its responsibilities. i was happy to be at the new york economic club lunch where bernanke spoke. he reaffirmed that the recovery continued to grow at a slow pace...
211
211
Nov 30, 2012
11/12
by
CNBC
tv
eye 211
favorite 0
quote 0
they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was tough. october was better than we thought. but it's very uncertain. they're finding it very difficult to predict consumer behavior in the short term. >> and as a result they're pulling back? >> as a result they're being very cautious. so while you have the fiddling this washington and we saw that in the summer of 2011, exactly the same situation -- >> do you blame this on the fiscal cliff in part? >> it's part of it. we talk about four gray swans, eurozone, middle east, china, hard/soft
they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for...
173
173
Nov 20, 2012
11/12
by
CNBC
tv
eye 173
favorite 0
quote 0
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, oc
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning....
47
47
Nov 13, 2012
11/12
by
CNBC
tv
eye 47
favorite 0
quote 0
strength in all u.s. regions. they say pro contractor business is up, but this does not include superstorm sandy impact, which hit on the first day of its fourth quarter. by comparison, hurricane irene last year boost sales by $360 million over two quarters, and makes for very tough comps in the northeast. so we'll see what to expect ahead as people start to rebuild. >> indeed. bertha, thanks so much. josh brown, this is about housing and the housing recovery. >> yeah, this has been the most obviously way to play. not just housing and home building, but actually all the foreclosures that have now become rental units. the first thing people do when they take one of these from the banks is spend $50,000, $60,000 to fix them up. so home depot is really strong, but i will tell you, i think lowe's is a more compelling opportunity. the stock broke out in the last week of october. it is in the process of retesting that breakout around 32. this name has done nothing versus home depot's huge last 18 months. and i think it'
strength in all u.s. regions. they say pro contractor business is up, but this does not include superstorm sandy impact, which hit on the first day of its fourth quarter. by comparison, hurricane irene last year boost sales by $360 million over two quarters, and makes for very tough comps in the northeast. so we'll see what to expect ahead as people start to rebuild. >> indeed. bertha, thanks so much. josh brown, this is about housing and the housing recovery. >> yeah, this has been...
198
198
Nov 27, 2012
11/12
by
CNBC
tv
eye 198
favorite 0
quote 0
u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st with negative rhetoric into the new year. that's when things get really nasty here. i don't learn anything from the sound bites from senator reid or boehner or anybody else. these are just negotiations going on. >> all right. >> unfortunately in public. that's my point. >> that's how it's always done. you are so hopeful, bill. >> larry, steve, i'll see you later. >> it's charming, bill. just charming. all right. we have -- >> that's a code word on her part, by the way. >> 13 minutes before the closing bell. the dow jones industrial average l
u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st...
302
302
Nov 21, 2012
11/12
by
CNBC
tv
eye 302
favorite 0
quote 0
flight attendants at u.s. airways voted to authorize a strike to workers that voted down a contract that the airline had proposed twice this year. the airline, as you probably know, andrew loves this story, too, is in talks with american airlines about a potential merger. >> should have done this eight months ago, they would have saved themselves a lot of heartache. this is just dragging out for no reason. >> yeah. you just figure they're meant to be together. >> otherwise amr is meant to be nowhere is sort of the issue. >>> in global market news, japan logging its fourth straight trade deficit in october. the european debt crisis with china over a territorial dispute actually reduced exports. and we continue to follow the latest developments out of the middle east. secretary of state hillary clinton traveled to the west bank this morning to meet with palestinian president mahmoud abbas. abbas heads the west bank, while the palestinian militant group hamas controls the gaza strip. hamas is considered a terrori
flight attendants at u.s. airways voted to authorize a strike to workers that voted down a contract that the airline had proposed twice this year. the airline, as you probably know, andrew loves this story, too, is in talks with american airlines about a potential merger. >> should have done this eight months ago, they would have saved themselves a lot of heartache. this is just dragging out for no reason. >> yeah. you just figure they're meant to be together. >> otherwise amr...
193
193
Nov 12, 2012
11/12
by
CNBC
tv
eye 193
favorite 0
quote 0
u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan -- >> the giants won the super bowl last year. a lot of people have told him he's fat and he should shut up. he's not fat anymore. she just shut up. but sanchez, you brush up against him and the ball goes flying out. >> they've been going back and forth. >> when the giants are the defending the super bowl champions and they got their butts kicked by the bengals and the other game unbelievable is johnny football. texas a and m and alabama, that was unbelievable. alabama number one. texas a and m just joined the sec. and this guy johnn
u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan...
295
295
Nov 14, 2012
11/12
by
CNBC
tv
eye 295
favorite 0
quote 0
but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific about these major policy changes rather than throwing a blanket over an entire industry. >> great point. we're going to leave it there. you're betting on whether or not we go over the fiscal cliff this year. what do you think? >> i'm worried. >> you're frworried. >> i don't see the leadership at this point in time i'm hoping to see from the white house. >> walt, great to have you on the program. really appreciate it. walter is the president and ceo of the charles schwab corporation. >>> meanwhile, the honeywell ceo was at that fiscal cliff meeting with president obama today. it just wrapped up. he joins us now for a first-on cnbc interview from the white house. david, good to have you on the program. thank you so much for joining us. >> thanks. good to be here. >> okay. so leading up to this meeting with the president, you were skeptiabou seeing a deal
but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific about these major policy changes rather than throwing a blanket over an entire industry. >> great point. we're going to leave it there. you're betting on whether or not we go over the fiscal cliff this year. what do you think? >> i'm worried. >> you're frworried. >> i don't see the...
186
186
Nov 26, 2012
11/12
by
CNBC
tv
eye 186
favorite 0
quote 0
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the ma
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic...
170
170
Nov 26, 2012
11/12
by
CNBC
tv
eye 170
favorite 0
quote 0
. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day before thanksgiving for refusing to get flu shots. is that legal? stay with us. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfect
. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day...
188
188
Nov 29, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 0
there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from
there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off...
131
131
Nov 22, 2012
11/12
by
CNBC
tv
eye 131
favorite 0
quote 0
chris pendley says he forged 4,000 bogus mortgage documents a day for major u.s. banks. and your previous experience in banking? >> none. [ticking] >> it started out as a mortgage crisis. then it slowly evolved into a credit crisis. now it's something entirely different and much more serious. >> this is a full-blown financial storm and one that comes around perhaps one every 50 or 100 years. this is the real thing. >> and much of what went wrong on wall street could be traced back to something called "credit default swaps." they were traded in a risky shadow market, and they were at the heart of the financial meltdown. [ticking] >> it has tentacles as wide as anything i've seen. i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> meredith whitney was talking back in 2010 about a then- looming financial crisis involving state and local governments across the country. it was a debt crisis which some people believe could derail the recovery and require another big bailout package tha
chris pendley says he forged 4,000 bogus mortgage documents a day for major u.s. banks. and your previous experience in banking? >> none. [ticking] >> it started out as a mortgage crisis. then it slowly evolved into a credit crisis. now it's something entirely different and much more serious. >> this is a full-blown financial storm and one that comes around perhaps one every 50 or 100 years. this is the real thing. >> and much of what went wrong on wall street could be...
358
358
Nov 15, 2012
11/12
by
CNBC
tv
eye 358
favorite 0
quote 0
in the u.s. in that implicit guide relative to where much of the street was. >> you're talking walmart or target? >> walmart. that's right. >> for the walmart numbers, the stock is selling off, down by better than 3%. what is the big issue if it's not the guidance? >> i think the company has done a very good job of talking about areas in which they could improve the business. they had an analyst meeting in the fall which was bullish and highlighted essentially how they could go back and work on remerchandising the store. this company pursued the project impact strategy a number of years. >> the stock is down 3% and my guess is it's because of margins. >> right, i think that they as a result of having seen some success have gotten sefinvestorn opportunity to run walmart better. it's hard to think of walmart as a boss toms up story. this number is a little soft but needs some context. this is the toughest comparison they've had in a very long time. this is the best two-year stat comp. in three year
in the u.s. in that implicit guide relative to where much of the street was. >> you're talking walmart or target? >> walmart. that's right. >> for the walmart numbers, the stock is selling off, down by better than 3%. what is the big issue if it's not the guidance? >> i think the company has done a very good job of talking about areas in which they could improve the business. they had an analyst meeting in the fall which was bullish and highlighted essentially how they...
266
266
Nov 14, 2012
11/12
by
CNBC
tv
eye 266
favorite 0
quote 0
so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company is pushing. we look back historically, there are more enterprise switched. now the big push is in the data center. you think about the server market, that's about a $50 billion opportunity. so i think cisco's vision -- and i agree with it, they need to be a broader i.t. vendor, not just a networking vendor. server ucs broadens their market exposure. >> so what does scientific atlanta do at this point? do we even talk about it anymore? does it complement what they have? >> it definitely complements the product port
so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company...
59
59
Nov 12, 2012
11/12
by
CNBC
tv
eye 59
favorite 0
quote 0
>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be? >> well, i think oil and gas prices are still going to go up because world oil demand continues to increase. today we're still sitting at around $3.50 a gallon for gas and about $100 for oil. i'm expecting prices will rise to about $110, $115 over the long term. >> no matter what. so, neshg, inflation aside because prices always go up, we'll have higher prices regardless, right? >> that's my expectation. there's no doubt up. look at the iaea, they say oil demand will rise from about 87 million a barely as day to over 100 million barrel as a day. we have foun
>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be?...
49
49
Nov 5, 2012
11/12
by
CNBC
tv
eye 49
favorite 0
quote 0
. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new jersey voters displaced by the storm will be per misted to vote via fax or e-mail. early voting is also in progress in the garden state. >>> banks in sandy's path are back up and running but giving consume aers few extra day to pay their bills. jpmorgan chase, wells fargo, citi group and pnc all waving fees for customers through wednesday, november 7th. >>> everybody probably personally cares who wins the presidential election. but does the market care? let's bring in the president and ceo of td ameritrade. does it matter to stocks who wins tomo
. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new...
263
263
Nov 29, 2012
11/12
by
CNBC
tv
eye 263
favorite 0
quote 0
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch.
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy...
70
70
Nov 26, 2012
11/12
by
CNBC
tv
eye 70
favorite 0
quote 0
the top five google shopping queries in the u.s. include laptop, nexus 7, amazon, ebay and walmart come in at number nine and ten. two searches spiked over the last 24 hours. "assassins creed 3." and it's o only going to go up from here. scott? >> thanks so much. what do you make of the fact we can throw up a number of different retailers today and you're going to see retailers are getting killed. >> all of those online shopping figures are as a result of people shopping for discounts online. they're not benefitting the stores, cyber monday's actually not a real thing because they had the discounts up online on thursday night and friday morning. the whole sector that's the s&p retail, that's locked in the down trend since the first week of september. and quite frankly, it's just not a positive thing. i don't know why anyone would want to speculate in this group as a whole. you've got to be really specific if you want to play retail. >> you were specific last week on tjx. >> i was, and got out of half the position today. the stock sh
the top five google shopping queries in the u.s. include laptop, nexus 7, amazon, ebay and walmart come in at number nine and ten. two searches spiked over the last 24 hours. "assassins creed 3." and it's o only going to go up from here. scott? >> thanks so much. what do you make of the fact we can throw up a number of different retailers today and you're going to see retailers are getting killed. >> all of those online shopping figures are as a result of people shopping...
231
231
Nov 19, 2012
11/12
by
CNBC
tv
eye 231
favorite 0
quote 0
u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks con
u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low...
36
36
Nov 29, 2012
11/12
by
CNBC
tv
eye 36
favorite 0
quote 0
. >>> what happens to the dollar if lawmakers can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at
. >>> what happens to the dollar if lawmakers can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i...
99
99
Nov 29, 2012
11/12
by
CNBC
tv
eye 99
favorite 0
quote 0
. >>> new positive signs on the u.s. economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got there. big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse
. >>> new positive signs on the u.s. economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got...
241
241
Nov 27, 2012
11/12
by
CNBC
tv
eye 241
favorite 0
quote 0
the u.s. treasury will sell and conduct auctions to tell warrant positions in the name. also, hpq, that saga continues after a request from the former autonomy ceo to acquisition details of accounting fraud. some pockets of strength today. we were led higher by monster beverage. just one of those names people love to trade. regulatory fears subsiding a bit in that name. also want to draw your attention to corning. that stock getting a pop. last but not least, best buy. positive speculation in this name relating to a bid from the company's founder sending the stock up more than 3%. michelle. >> thank you so much, jackie. all right. just 34 days to go before we go over the fiscal cliff. >> oh, boy. >> i want to call it the fc. can't we get an abbreviation? we're going to l.a. we're going to ec. we're going over the fc. >> sounds good. >> are shareholders best served by companies paying dividends now? someone who's going to join us says absolutely not. find out why. >>> also, later, who would have thunk financial adviser tells you what you need to know. >>> plus, let the la
the u.s. treasury will sell and conduct auctions to tell warrant positions in the name. also, hpq, that saga continues after a request from the former autonomy ceo to acquisition details of accounting fraud. some pockets of strength today. we were led higher by monster beverage. just one of those names people love to trade. regulatory fears subsiding a bit in that name. also want to draw your attention to corning. that stock getting a pop. last but not least, best buy. positive speculation in...
184
184
Nov 19, 2012
11/12
by
MSNBCW
tv
eye 184
favorite 0
quote 0
but back in the united states senator john mccain called for the u.s. to offer its own mediator to try to bring out a permanent truce. >> the united states of america has got to push as hard as we can to resolve this israeli/palestinian issue. so many events hinge on making that process go forward. find someone even as high ranking, frankly, as former president bill clinton to go and be the negotiator. i know he'd hate me for saying that, but we need a person of enormous prestige and influence to have these parties sit down together as an honest broker, but we have a lot of work to do to regain some credibility because we're crumbling all over the middle east. >>> any moment now president obama is set to touch down in cambodia, the second of two asian nations that no sitting u.s. president has visited before. first myanmar, a country rapid by transitioning from years of brutal military rule. president obama met with government officials as well as opposition leader aung san suu kyi who spent decades under house arrest and subsequent election to parliame
but back in the united states senator john mccain called for the u.s. to offer its own mediator to try to bring out a permanent truce. >> the united states of america has got to push as hard as we can to resolve this israeli/palestinian issue. so many events hinge on making that process go forward. find someone even as high ranking, frankly, as former president bill clinton to go and be the negotiator. i know he'd hate me for saying that, but we need a person of enormous prestige and...
140
140
Nov 12, 2012
11/12
by
CNBC
tv
eye 140
favorite 0
quote 0
u.s. is on negative outlook. s&p already downgraded. >> i think that we all kind of remember what happened -- i think that the big worry on the left side would be i think listen, nothing happened. interest rates went down again. that's a scare tactic. i'll use a scare tactic. $600 billion in new taxes january 1. that's reality. >> unemployment going back to 9.1 if this happens. that's a number that gets your attention. the "times" does a nice piece about fix the debt group. groups of very large companies trying to weigh in on their own side with ads. i don't know if we have them right now. nike with a mock nike ad that says just fix it. mcdonald's saying i'm fixing it. >> home depot. we can fix it. >> that group raised a lot of money over the last year or so. $30 million, $40 million, more than you might have anticipated to mount this public campaign. >> dave is doing a lot of great things. ceo of honeywell. wants to put aside -- i don't know if he's a democrat or republican. i know he's a
u.s. is on negative outlook. s&p already downgraded. >> i think that we all kind of remember what happened -- i think that the big worry on the left side would be i think listen, nothing happened. interest rates went down again. that's a scare tactic. i'll use a scare tactic. $600 billion in new taxes january 1. that's reality. >> unemployment going back to 9.1 if this happens. that's a number that gets your attention. the "times" does a nice piece about fix the debt...
246
246
Nov 13, 2012
11/12
by
CNBC
tv
eye 246
favorite 0
quote 0
the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're looking at challenges in the u.s., obviously. i want to get your take on what's going on with with taxes and what your expectations are. first off, you've got 87% of total cash held overseas. is that right? >> that is probably pretty accurate. probably in excess of $40 billion. >> what are the pans to repay trait? is it worth taking a tax hit to invest domestically, or it's too expensi expensive, so you leave that money overseas until you see a change in tax code? >> we're at a cross roads. we clearly want to put this money to use in a way that be
the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're...
214
214
Nov 18, 2012
11/12
by
CNNW
tv
eye 214
favorite 0
quote 0
mitt romney winning 139 to 5, made this the president's worst showing in the u.s. we went to the girl's basketball game at guthrie wrl high school and asked the voters why there was such distaste with barack obama's presidency. >> i thought he sounded more like a dictator than a president. >> we went to the local baptist church to a monthly women's club meeting and heard similar sentiments. >> anything that goes wrong, he just blames it on bush, the last administration, it wasn't his fault, well now it is his fault. >> reporter: just after president obama was inaugurated, we spent time in king county. >> i just ask god that he would truly connect with him so he would know what god's heart was for the united states of america. >> reporter: you told us four years ago that you hoped the lord would help barack obama. >> yes. >> reporter: do you think that happened? >> it doesn't appear so. >> reporter: and then there was something we heard before. what bothers you about president obama's first term. >> that he lied to us about where he was born. to me he just seems dis
mitt romney winning 139 to 5, made this the president's worst showing in the u.s. we went to the girl's basketball game at guthrie wrl high school and asked the voters why there was such distaste with barack obama's presidency. >> i thought he sounded more like a dictator than a president. >> we went to the local baptist church to a monthly women's club meeting and heard similar sentiments. >> anything that goes wrong, he just blames it on bush, the last administration, it...
332
332
Nov 6, 2012
11/12
by
CNBC
tv
eye 332
favorite 0
quote 0
donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing president obama say he's going to win. the people that are backing candidate romney, governor romney are saying it's going to be a close election. i don't know what that means. >> well, joe, it's all words right now. we're at the point where we'll find out probably tonight, maybe tomorrow, and maybe in a week from now. lot of people don't understand, this thing could go a long time before we find out who the winner is but it's going to be very close. i think people have great hope, and probably they have great hope on both sides, but you know, i
donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing...
120
120
Nov 28, 2012
11/12
by
CNBC
tv
eye 120
favorite 0
quote 0
i guess i would say that the u.s. consumer for the holiday season seems to be in good shape. >> thank you manny chirico, chairman and ceo of pvh. we are staying there. after the break trying to make you some more money. >> coming up. the deal shook the street this morning. but as the frozen food maker shares heat up, should you be tempted to take a bite? cramer unwraps what is ahead. the charts have not been kind to foreign financials but cramer has found a pattern that is signaling the turn around. as jim goes off the charts. all coming up on "mad money." >>> conagra, the big food company, this company has the most exposure to commodity prices. after a lengthy chase the company was able to make a deal to acquire ralcorp. the grocery store brands that taste the same as the real thing but cost less. conagra will be the largest private label. consumers love it because it is cheaper. private label products carry it. it's a win/win. and now it is about to become the king of private label. you know a takeover is good when
i guess i would say that the u.s. consumer for the holiday season seems to be in good shape. >> thank you manny chirico, chairman and ceo of pvh. we are staying there. after the break trying to make you some more money. >> coming up. the deal shook the street this morning. but as the frozen food maker shares heat up, should you be tempted to take a bite? cramer unwraps what is ahead. the charts have not been kind to foreign financials but cramer has found a pattern that is signaling...
171
171
Nov 8, 2012
11/12
by
CNBC
tv
eye 171
favorite 0
quote 0
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in the economy and stimulus, but you can't get older people to spend money, and europe has the worst problems because they have the worst demographic. >> listen. the economist in britain taught us that demographics do not have a very strong predictive value, particularly when it comes to markets. in 1998, harry wrote a book saying the dow was going to 35,000. in 2009, he wrote about the great depression that was ahead, and the s&p has gone up 110% off the lows. the economy has gone to new highs in gd
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice...
72
72
Nov 5, 2012
11/12
by
CNBC
tv
eye 72
favorite 0
quote 0
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
62
62
Nov 16, 2012
11/12
by
CNBC
tv
eye 62
favorite 0
quote 0
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is going to come back and take out all those stops for those who
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the...
66
66
Nov 30, 2012
11/12
by
CNBC
tv
eye 66
favorite 0
quote 0
it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you can't stay. you can't go into stock for an investment case and then the investment case goes to hell in a hand basket. this one did. >> and by that dip in the quarter is why i think there is an opportunity. >> when you're only looking for 200, that is a big delta. stay away until -- >> valuations were too high. now i think they're giving an opportunity to get in. >> joe, what do you do with this? who made the more compelling argument on yum? >> i think i made the more compelling argument and it's this. it has to do with the macro call on the
it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you...
269
269
Nov 8, 2012
11/12
by
CNBC
tv
eye 269
favorite 0
quote 0
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
98
98
Nov 16, 2012
11/12
by
MSNBC
tv
eye 98
favorite 0
quote 0
the pentagon says a u.s. military effort to seize syria's stockpiles of chemical weapons would require upward of 75,000 troops and "the times" reports that senior american officials are concerned that hezbollah has set up camp near the chemical weapons depose. the white house declined to comment. >>> four people were killed in texas when a freight train slammed into a parade float carrying wounded veterans. this is just terrible. it's an accident that happened at a railroad crossing in midland, texas, as the float tried to get around the safety gates and lights. the float was made with a flatbed trailer. in addition to the four deaths, there were 17 people injured. m midland's mayor reacted to the accident. >> this may be one of the most tragic events we've had in our town and it's a sad day. i shook their hands and saw them personally and met their wives. it truly was an honor to be in their presence. these guys are true american heroes. >> that's for sure. secretary of defense leon panetta issued a statemen
the pentagon says a u.s. military effort to seize syria's stockpiles of chemical weapons would require upward of 75,000 troops and "the times" reports that senior american officials are concerned that hezbollah has set up camp near the chemical weapons depose. the white house declined to comment. >>> four people were killed in texas when a freight train slammed into a parade float carrying wounded veterans. this is just terrible. it's an accident that happened at a railroad...
51
51
Nov 8, 2012
11/12
by
CNBC
tv
eye 51
favorite 0
quote 0
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions which means it's quite stable relative to a personality-driven election like in the u.s. there are three factions in play in china right now. the the hu and wen factions worked through the provinces to become leaders and they're the reformers. the second group is the jiang zemin group and jiang was the president before hu who left in 2002. he was widely viewed that on his death bed he's made a resurgence and this convention is basically the jiang zemin crowd known as the shanghai gang in china taking over the china. the children of the original revolutionary leaders and xi is one of
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions...
409
409
Nov 25, 2012
11/12
by
CNNW
tv
eye 409
favorite 0
quote 0
the u.s. military ought to have more assets and personnel nearby on the ground. the third part about what happened after every afterwards is obviously a real concern. i think particularly in fairness to ambassador rice, there ought to be the widest public airing of what led to her statements and others in the administration particularly obviously if she's going to be mom natured for secretary of state or some other high office. >> that's not an automatic no for you if she were to be nominated. >> no, because, first of all, i think she's had a distinguished career up until now, but secondly, i don't know -- i don't feel that i know exactly what she was told before she went on tv that sunday morning, and i think we ought to find out before we decide on whether she's a good or bad public servant. >> senator kyl used the term coverup, correct, in terms of, like, afterwards saying, well, this all had to do with this videotape and it had to do with this, so there was a riot, turns out. there was no
the u.s. military ought to have more assets and personnel nearby on the ground. the third part about what happened after every afterwards is obviously a real concern. i think particularly in fairness to ambassador rice, there ought to be the widest public airing of what led to her statements and others in the administration particularly obviously if she's going to be mom natured for secretary of state or some other high office. >> that's not an automatic no for you if she were to be...
206
206
Nov 23, 2012
11/12
by
CNBC
tv
eye 206
favorite 0
quote 0
u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're r
u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big...
287
287
Nov 28, 2012
11/12
by
CNBC
tv
eye 287
favorite 0
quote 0
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
62
62
Nov 12, 2012
11/12
by
CNBC
tv
eye 62
favorite 0
quote 0
euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch today for a veteran. i think we got to go the other side now. go short euro through the 1.27 level. greece has overcome two olympic sized hurdles. $13 trillion in austerity measures and 2013 budget. now we have the eu reluctant to hand out the next aid tranche for $31 billion. there's reluctance through this week. we have a big event coming up in greece friday. there's due about $5 billion in short-term treasury by bills. they're going to need to up the urgency to meet this. i think the propensity in this quiet market is to go short euro. >> what will
euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch...
67
67
Nov 7, 2012
11/12
by
CNBC
tv
eye 67
favorite 0
quote 0
the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the corporate bond market, they are not expressing concerns about the fiscal cliff. to me, i'm wondering if those markets are about to take a hit soon or if the fiscal cliff is not really the reason that stocks are selling off today. >> for the folks listening on the radio, another headline is, even if we go over the fiscal cliff, moodys is saying that doesn't necessarily immediately lead to a downgrade. that means that they are waiting to hear what is the long term whom did i interrupt? >> i have a question for tom. y
the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the...
161
161
Nov 20, 2012
11/12
by
MSNBCW
tv
eye 161
favorite 0
quote 0
. >>> to the ongoing probe of attacks on u.s. embassy in benghazi. top officials tell nbc news they knew from the beginning that terrorism was involved but the white house is denying claims there was an attempt to hide the information to help president obama's re-election campaign. u.n. ambassador susan rice has come under fire for saying the attack was a reaction to anti-islamic video. officials say they intentionally kept ambassador rice's talking points vague to avoid compromising future legal proceedings. while they knew terrorism was involved they didn't know if the attacks were planned in advance and they didn't have the suspects' identities. still am house republicans are blaming ambassador rice, saying she's unfit to succeed secretary hillary clinton at the state department should president obama decide to nominate her for the post. nearly 100 republican congressmen sent a letter to president obama saying ambassador rice's statements on benghazi have, quote, caused irreparable damage to her credibility both at home and around the world. senat
. >>> to the ongoing probe of attacks on u.s. embassy in benghazi. top officials tell nbc news they knew from the beginning that terrorism was involved but the white house is denying claims there was an attempt to hide the information to help president obama's re-election campaign. u.n. ambassador susan rice has come under fire for saying the attack was a reaction to anti-islamic video. officials say they intentionally kept ambassador rice's talking points vague to avoid compromising...
256
256
Nov 26, 2012
11/12
by
CNBC
tv
eye 256
favorite 0
quote 0
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates their lawyers in court all the time about all of these issues, he's had it and wants to bring this issue to a head now. she has said no way, federal court. >> they claim they're going to appeal, it will be difficult to get an appeal. december 15th will be extremely interesting to see what happens. this story keeps on giving. christi christina kirchner was worried because they've seized a vessel in the port of ghana recently. we'll see what finally happens when it finally gets done. >> steve you have any thoughts on how that might affect more broad
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates...
187
187
Nov 19, 2012
11/12
by
CNBC
tv
eye 187
favorite 0
quote 0
as head of u.s. ops, how closely are you watching the progress of those talks and if it appears that they break down at any point between now and the end of the year, what sort of contingency plans do you have built in? is there a plan to strip out a lot of capacity in a short period of time? >> carl, thank you for that question. u.p.s. believes that congress does need to move very quickly to get this done and we don't need to go up to the deadline. we work with over 9 million customers on a daily basis. they are telling us that there's a reluctance on their part to invest or hire more workers. it's a simple equation for u.p.s. fewer packages shipped means less jobs for our u.p.s. workers. we would like to see something get done very quickly. >> more and more sites are offering free shipping both ways for a certain size order. i'm wondering how that impacts u.p.s. do they get a flat rate or do they pay the same as any other person? >> we work with major retailers who we have set contracts with. certa
as head of u.s. ops, how closely are you watching the progress of those talks and if it appears that they break down at any point between now and the end of the year, what sort of contingency plans do you have built in? is there a plan to strip out a lot of capacity in a short period of time? >> carl, thank you for that question. u.p.s. believes that congress does need to move very quickly to get this done and we don't need to go up to the deadline. we work with over 9 million customers...
234
234
Nov 6, 2012
11/12
by
CNBC
tv
eye 234
favorite 0
quote 0
the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about
the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that?...
291
291
Nov 13, 2012
11/12
by
CNBC
tv
eye 291
favorite 0
quote 1
the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the election. what do you think? >> actually i'm so happy to be on your show because whenever i feel depressed and i see you, you group of people that are so optimistic, i feel enlightened and again full of life. so i think actually you should open up a clinic for depressed people and you would do very well because everybody would be good after talking to you. >> but would we be fooling them into feeling good? >> i think the point is i don't think markets are going down because of greece or the fiscal cliff because there
the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the...
214
214
Nov 13, 2012
11/12
by
CNBC
tv
eye 214
favorite 0
quote 0
jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the
jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge....
188
188
Nov 27, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 1
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in charge of california. >> seven hours to charge it, jane. make anybody happy? how far does the volt go, if it goes 30 miles before the charge runs out. >> the leaf goes 80, not even a day's commute for me h >> doesn't work. >> finally, larry ellison scoping up his tenth house on malibu's so-called billionaire's beach. jane this is right up your alley. >> yeah you know, pretty soon, he owns some houses just billionaire, singular. here is the headline, the house he bought, ocean front malibu, billionaire's beach, assess
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in...